It may be too much to say the week coming up is the mother of all weeks for investors and markets. But it has the potential to be dramatic.
The Fed's rate decision, due Wednesday, is the biggest of the week's economic events. But there is also the matter of the Labor Department's monthly jobs report due before markets open on Friday. Investors would be stunned and would sell heavily if the Fed raised rates on Wednesday or at its December meeting. The betting now is the Fed is basically done raising rates, letting residual effects of rate increases since early 2022 and the bond market kill off the inflation pressures that erupted after the easing of the Covid-19 pandemic and its ultra low interest rates.
The jobs report, according to the consensus estimate, is expected to show a gain of 186,000 jobs, down from 336,000 in September. The unemployment rate should hold steady at 3.8%. The Fed is having a powerful effect on the nation's residential real estate market. Sales are off some 35% since the end of 2021. Rising mortgage rates have made home purchases difficult. And the supply of homes for sale has dwindled because many homeowners with low-rate mortgage can't afford to sell.And some states, such as Florida, Texas and Arizona, depend on high volumes of real estate activity to fuel their economies.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »